Money and Life

1 The Interdependent Web of Money and Life A Sermon in Honor of the Eighth Annual Carter sunshine Reverend Sharon Dittmar First Unitarian Church 536 Linton Street Cincinnati, Ohio 45219 513.281.1564 January 21, 2008 If you would be healthy, peaceful and happy, be kind, friendly, peaceful, and live a useful life. You al beginning for reap what you sow. It is as easy as that. 2008 has brought Americans hard scotch news, affecting homeowners, renters, children, adults, rich and deplorable. Our so called American subprime mortgage crisis has ruffle far out from individual homeowners and local banks to all levels of federation within this country and around the world. As with all frugal crisis it will be the poorest and most vulnerable who will assemble the most and there is no way to honestly blether around poverty in America without talking about racism and I believe that the Reverend W. H. G. Carter would want me to accost the truth on this issue. Some of this information might be hard to hear, and it might own you anxious. It will probably make you angry. It made me angry. But we need to know the facts so that we, one after a nonher and communally, can make better choices, so that we atomic number 18 to a greater extent educated when purchasing a home, and so that we can await for more accountability and oversight from our financial institutions.

In the suffer decade there has been an increase in homeownership. Discussed less a lot was the reality that a booming housing market and low interest rates led to inflated housing prices in the last decade many people purchased homes that are/were not worth the market cost paid for them. In addition, approximately homeowners financed their homes with subprime mortgages. Subprime adjustable-rate mortgages, known as ARMs, are an option for families with limited or bad credit histories, thats a lot of us. basically financial institutions are willing to loan money to families with poor credit and limited finances at rates that are initially low, but that in a year or two increases by... If you want to get a full essay, locate it on our website: Ordercustompaper.com

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